2016-01-27T12:20:38-06:00 2015-06-30 KPMG LLP 1021 East Cary Street Suite 2000 Richmond VA 23219 990 2014-07-01 542052107 EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE % MARK HAMRIC EDWA 5402311181 2265 KRAFT DRIVE BLACKSBURG VA 24060 JOHN G ROCOVICH JR CHAIRMAN/TREASURER 8047824200 2016-01-16 true TIFFANY A MYERS P01246738 8047824200 2014 2016-04-25 22:37:26Z DIXIE TOOKE-RAWLINS PRESIDENT 2265 KRAFT DRIVE BLACKSBURG VA 24060 135776969 false X WWW.VCOM.VT.EDU X 2001 VA TO PROVIDE OSTEOPATHIC MEDICAL EDUCATION, OUTREACH OR MEDICAL SERVICES AND RESEARCH THAT PREPARES PHYSICIANS WHO WILL PROMOTE HUMAN HEALTH IN MEDICALLY UNDERSERVED AREAS. 16 15 472 178 0 60016816 74387104 50113350 59422055 652492 1064669 442849 395361 111225507 135269189 59879923 73981581 0 0 26903359 30665946 0 0 742188 17260067 20899170 104043349 125546697 7182158 9722492 34772679 45473261 6474825 9599105 28297854 35874156 X THE MISSION OF THE EDWARD VIA COLLEGE OF OSTEOPATHIC MEDICINE IS TO PREPARE GLOBALLY-MINDED, COMMUNITY-FOCUSED PHYSICIANS TO MEET THE NEEDS OF RURAL AND MEDICALLY UNDERSERVED POPULATIONS AND PROMOTE RESEARCH TO IMPROVE HUMAN HEALTH. false false 104405190 73981581 59166688 Educational Activities: Academic or educational achievements include graduating the ninth class of 177 medical students from the Virginia Campus; matriculating the twelfth class of 186 medical students at the Virginia Campus; graduating the sixth class from the Post Baccalaureate program, of which 64% enrolled in medical schools; matriculating the fourth class of 163 students at the Carolinas Campus in Spartanburg, South Carolina; and, graduating the first class of 153 medical students at the Carolinas Campus. The following statistics and information also help illustrate the attainment of VCOM's mission: 62% of graduates entered primary care residencies during the past five years; 58% of graduates selected residencies in Appalachian states; 66% of alumni from the Classes of 2007 through 2011 choose to initially practice medicine in Appalachian states; 31% of alumni choose to practice in medically underserved areas; and, 100% of graduates that have entered the residency match during the past five years were selected for residencies. Also, a higher percentage of medical students from rural, Appalachian or medically underserved areas tend to practice in these areas upon completing their residencies. VCOM has recruited 65% of students from the southern Appalachian region, 22% of students are from a southern rural area, and 56% of students are from a southern underserved area. Secondly, physicians within under-represented minorities (URM's) have a much higher likelihood of caring for medically underserved populations. VCOM has matriculated an average of 13% of students classified as URM's. Moreover, the National Board of Osteopathic Medical Examiners (NBOME) is the leading assessment organization for the osteopathic medical profession. Its mission is to protect the public by providing the means to assess competencies for osteopathic medicine and related health care professions. The NBOME COMLEX-USA examination series provides the pathway for licensure for osteopathic physicians in the United States, and is a graduation requirement for earning a D.O. degree from colleges of osteopathic medicine. In fiscal year 2015, VCOM students achieved passing rates of 90% or more in the COMLEX Level 1 through 3, and COMLEX Level 2, CE and PE. Finally, the Osteopathic Medical Network of Excellence in Education (OMNEE) began operations in 2008 to develop graduate medical education programs for VCOM graduates. OMNEE began with VCOM, three hospital members with specialties in traditional rotating internships, family medicine, internal medicine, neurosurgery; and one sports medicine fellowship. In six years of operation, OMNEE has grown to include 13 additional hospital members that offer positions in traditional rotating internship, family medicine, internal medicine, dermatology, neurosurgery, and emergency medicine. Also, college of osteopathic members have increased to include VCOM's branch campuses in Spartaburg, South Carolina, Auburn, Alabama, Campbell University's Jerry M. Wallace School of Osteopathic Medicine (CUSOM) in Lillington, North Carolina, and Liberty University's College of Osteopathic Medicine (LUCOM) in Lynchburg, Virginia. In 2015, the OMNEE had 42 programs, 651 positions or residencies, and 249 first-year positions or residencies. Additional academic and educational achievements include assistance by VCOM faculty and students to provide sports medicine coverage for participants in the fourth annual PGA-sanctioned Greenbrier Classic; the intention to expand the college's sports medicine fellowships to Auburn University, the development of orthopedic residency program offering significant sports medicine experience to VCOM graduates at the Jack Hughston Memorial Hospital in Phenix City, Alabama; completion of construction of the third campus in Auburn, Alabama, with intent of matriculating the first class of 166 medical students in July 2015; and, an estimated economic impact of over $215 million in Alabama, South Carolina and Virginia. 2170421 174732 Research Activities: The long and productive partnership between the Edward Via College of Osteopathic Medicine (VCOM) and Virginia Tech has resulted in multiple joint research programs funded by the National Institutes of Health (NIH), National Science Foundation (NSF), United States Department of Defense (DOD), and numerous other federal and private sponsors. Our collaborations cover a variety of research areas and novel, cutting edge techniques in reproductive development, autoimmune disease prevention, drug discovery for stroke recovery, and traumatic brain injury treatment for athletes and soldiers. The newest initiative set forth between VCOM and Virginia Tech is the Center for One Health Research, created and announced in early 2015. Designed as a collaborative research venture between VCOM and the Virginia Maryland Regional College of Veterinary Medicine (VMRCVM), the Center will promote joint VCOM-VMRCVM research programs relevant for humans and animals. It will include the Veterinary College in Virginia and all three VCOM campuses, as well as joint research projects at the VCOM international mission sites. Center faculty will utilize research facilities and infrastructure at all locations for a wide variety of education and research programs conducted within the Center. A major feature of the Center will be the central involvement of VCOM and VMRCVM students in collaborative disease prevention, public health and global health research projects. And though VCOM and VMRCVM researchers have a long history of successful collaboration, they look forward to combined One Health research projects beginning as early as summer 2015. VCOM continues to strengthen its successful partnership with the Gibbs Cancer Center and Research Institute and Spartanburg Regional Health System. We are working with our partners at Gibbs to finalize the joint Stem Cell Research Facility, and our cooperative research programs continue to flourish. This year, VCOM and Gibbs have been involved in several joint research proposals based on novel cancer detection techniques. These research collaborations have resulted in grant submissions to the National Institutes of Health. The latest research has the potential of having a profound effect on the way cancer is diagnosed and treated in low to middle income countries. The Gibbs Center houses research data for VCOM's scientific and clinical faculty. During the year, VCOM maintained its research presence and collaborations at Converse College. Several of our researchers work in a fully operational animal lab facility located in Converse's Phifer Science Hall. Current work at this lab includes immunology and microbiology research in immunotherapeutics for cancer and lymphatic function in chronic inflammatory disorders such as Crohn's disease and ulcerative colitis. In 2012, Auburn University and VCOM began the development of a public/private partnership. A strategic commitment of this alliance will expand human biomedical research opportunities for the faculty and students at both schools. VCOM's partnership with Auburn University provides immediate research collaborations with Auburn's engineering, pharmacy, and veterinary schools, as well as nursing and kinesiology programs. Both Auburn and VCOM share research interests in bioengineering and human movement related to sports medicine, osteopathic medicine, and physical medicine therapies. To build a strong base for collaborative programs, both partners have committed internal seed funding for pilot projects in these research areas. In addition, our partnership with Auburn allows VCOM access to state-of-the-art medical equipment at Auburn University for our osteopathic manipulative medicine (OMM) research needs, including one of just twenty-eight 7-Tesla MRI systems in the United States. VCOM sports medicine physicians are nationally known for research programs and regular collaborations with scientists at Virginia Tech in biomedical engineering and at the Institute for Critical Technology and Applied Sciences; their recognition continues to grow as VCOM develops partnerships at Auburn University. VCOM faculty will lead the profession in the treatment and prevention of sports injuries. Total expenditures to date for the VCOM-VT Sports Medicine related projects is over $1 million. Through our collaborative concussion research program, one of the best in the country, we are participating in the NCAA-Department of Defense(DOD) "Grand Alliance" as an Advanced Research Core School. The total approved budget amount for the NIH pediatric mild traumatic brain injury (mTBI) and the NCAADOD projects is $3,958,382 over the next five years. VCOM research has been instrumental in creating change that will prevent head injuries in the future, from improvement of helmets to findings that changed rules for youth football. Research at VCOM involves three generalized categories-biomedical sciences, clinical and educational, or improving student learning. Biomedical, or basic science, research involves investigating health-related issues most often using non-human models, such as animals or cell cultures, in an effort to lay foundations for advancements in medical knowledge and to answer questions about the basic mechanisms and pathways involved in specific diseases. Clinical research investigates the safety and effectiveness of drugs, devices, diagnostic products, and treatment regimens intended for human use, which may be used for prevention, treatment, diagnosis, or for relieving symptoms of a disease. VCOM's clinical research program focuses largely on behavioral medicine, disease prevention, health education, and the diagnosis and treatment of various diseases, specifically those prevalent in underserved and rural areas of Appalachia as well as throughout the country. Educational research and outreach projects at VCOM encompass the development of best practices to help students excel in their academic work, as well as help provide health-related services to underserved communities both at home and abroad. Many VCOM faculty members in both clinical and biomedical areas are active in educational research and community outreach programs, most often working in teams. Translational research transforms discoveries from biomedical and laboratory studies into clinical applications with the goal of reducing morbidity and mortality from specific diseases and conditions. Translational research often involves team-based projects, where both biomedical researchers and physicians work together to find practical applications. Translational medical research aims to move from "bench to bedside, or from laboratory experiments to diagnostic tools, medicines, procedures, and education. Research projects at VCOM in fiscal year 2014-15 include the following: Biomedical Research conducted on the Virginia Campus 1) Blaise Costa, PhD a) Identifying molecular determinants of novel drug target in NMDA receptors. b) NMDA receptor subunit specific drug discovery. 2) Shaadi Elswaifi, PhD a) Histone deacetylase inhibitors and bacterial pathogenicity. Students: Joshua Hutton, Ian Le, Janie Lozovski 3) Terry Hrubec, DVM, PhD a) Screening tap water for development and reproductive toxicants. Students: Tyler Chapman, Claire Repine b) Are quat disinfectants reproductive toxins? Student: Brian Dessify c) Identification of transgenerational methylome changes from disinfectant. 4) Teresa Johnson, PhD and Susan Meacham, PhD a) Respiratory syncytial virus (RSV) pathogenesis b) Development of a broadly protective therapy for nosocomial infection c) The effect of boron on prevention and treatment of skin cancer Students: Amanda Norris, Nina Sabzevari 5) James Mahaney, PhD a) Molecular mechanism of calcium transport in the heart. Student: Janie Lozovski 6) James Palmieri, PhD a) Potential damage to nerve cells due to antibodies from a patient infected with Lyme disease. Student: Elliot Martin 7) Renee Prater, DVM, PhD a) Heat shock protein based therapy for craniofacial regeneration b) Effects of local and systemic therapies on anti-tumor immunity c) Epigenetic markers of neuroblastoma d) Fetal outcomes from maternal obesity around the time of conception e) Maternal nutrition and offspring predisposition to development of metabolic disease 8) Chris Reilly, PhD - a) Inhibition of SLE with HDAC-6 inhibitor of ACY-1083 in NZB/W female mice. Student: Matt Globerson b) MicroRNA expression in the NZB/W lupus mouse c) Prolonged inhibition of pathologic neovascularization by catalytic antioxidants 9) Beverly Rzigalinski, PhD a) Targeting the miR-182-96-183 cluster to ameliorate Lupus Cerium oxide nanoparticles for the treatment of traumatic brain injury. Students: John Bates, Aaron Frey, Timothy Gilligan, Manrique Guerrero, Heidi Rogers b) Mechanobiology of diffuse axonal injury: Mechanisms and opportunities for early neuroprotection c) Biochemical effects of OMM at the cellular level 10) Chevon Thorpe, PhD a) Function, 1718215 80635 Outreach Activities: VCOM first began its medical outreach program to developing countries in 2005. Among the first trips were assistance with the tsunami victims in India and global health outreach trips to El Salvador and to Africa. VCOM believes that in order to address the health issues in these developing countries, a sustained presence is required to address determinants of health. VCOM began to collaborate with the medical schools in each country the college serves, then established year-round, sustainable, primary care clinics with public health outreach programs, and assured approvals from the ministry of health in each country. Establishing this collaborative foundation allowed VCOM to focus on health related work and address the many public health, community health, and social determinants of poor health, as well as treat immediate patient needs. By 2007, VCOM had established sustainable clinics in Honduras, El Salvador, and the Dominican Republic. Interested VCOM first and second year students may participate in one week international outreach trips. Third year students can participate in month long experiences with the sustainable clinics, and students in the dual degree tracks may spend up to one year working in the international setting. Medical outreach trips are opportunities for students to nurture their commitment to serve those who have fewer resources and to strengthen their compassion and cultural competency through patient care. The outreach trips and rotations provide students with hands-on, problem-based, learning experiences in a real world setting, where they develop skills that cannot be learned in the classroom. While VCOM facilitates both local and international outreach trips for the first and second year medical students, the college also provides immediate assistance after certain global emergencies such as floods, tornados, or hurricanes. In the Dominican Republic, VCOM provides a sustainable primary care clinic in Vern, a community of greater than 15,000. In 2005, prior to VCOM and the Punta Cana Foundation committing to this project, Vern was a community of 3,800 where no healthcare existed for the uninsured until you reached Higuey, a drive of about 50 minutes. Even in Higuey, the city was medically underserved and patients waited days for care. VCOM and Punta Cana Foundation committed the resources required to remodel an abandoned community health clinic and partnered with the Dominican government to provide clinical services. Today the clinic provides care for patients with HIV and TB, education on water purification, immunizations, primary care, pediatrics, prenatal care, and emergency services for some of the regions poorest and uninsured patients. The college has trained local volunteers to operate an ambulance donated by Punta Cana Foundation so patients may be transported to the hospital in Higuey. Also, the college conducts one week outreach trips to neighboring communities without healthcare, encouraging these patients to follow up with visits to the Vern Clinic. Other partners at this clinic include Punta Cana Ecological Foundation, the Appalachian College of Pharmacy, INTEC and UCE. In fiscal year ending June 30, 2015, VCOM supported two mission trips to this clinic involving 24 medical students and 17 students enrolled in the Post Baccalaureate program, whom under the supervisor of clinical faculty, physician volunteers, and clinic employees, assisted treating over 1200 patients. El Salvador is the first country where VCOM faculty and students provided care internationally. Today, VCOM helps to support resources for the Shalom Family Medical Center, a clinic and orphanage sponsored by Asociacion Amigos para Lationamerica (AMILAT) in Santa Toms, just outside of San Salvador, and to provide weekly care to two additional orphanages and to the mountain communities of Chalatenango and Sonsonate. Many would be without medical care if VCOM did not sponsor these VCOM's weekly clinics. Community and patient education on water contamination and proper water sanitation practices were provided to heads of household. Also, research on water quality and access, along with sanitation and related health risks based on World Health Organization (WHO) standards was conducted. Partners for this clinic include AMILAT, UEEC, the Ministry of Health, Presbyterian College of Pharmacy, and Decameron Resort. In fiscal year ending June 30, 2015, VCOM supported three mission trips to this clinic involving 57 medical students, whom under the supervisor of clinical faculty, physician volunteers, and clinic employees, assisted treating over 1000 patients. In Honduras, VCOM has partnered with Baxter Institute, a college of theology, located in Tegucigalpa, a city that suffers from dense population with community pockets burdened by poverty, lack of food and clean water, and limited healthcare resources. VCOM and the Baxter Institute support a year round clinic for the surrounding region, and a nutrition program for children. Primary care, surgery, women's health, public health education, and first responder training are emphasized on outreach trips to Honduras. As part of an ongoing project, prosthetic legs for three patients were fitted, and prostheses for seven others were casted. Also, health education on disease prevention, and proper water sanitation practices are taught to patients and residents served by clinic. The Baxter Institute also provides education not only for young ministers but also offers occupational education programs for the parents of children qualifying for the malnutrition program. Other partners include the National Medical School, Mission Upreach, the Ministry of Health, Presbyterian College of Pharmacy and the Appalachian School of Pharmacy. In fiscal year ending June 30, 2015, VCOM supported three mission trips to this clinic involving 119 medical students, whom under the supervisor of clinical faculty, physician volunteers, and clinic employees, assisted treating over 1700 patients. In the 2014-2015 academic year, VCOM won several national awards, being recognized as one of two medical schools nationally to receive the United States Presidential Honor Roll Award for Outreach. Additionally, VCOM again received the Minority Access Inc. National Award for outstanding accomplishments internationally and for mentorship of underrepresented minorities. The college also sponsors the Leading Global Health Seminar series that provides experiences and stories from leaders in the medical field on various issues of global health importance. This seminar series was attended by VCOM medical students, faculty, and staff, as well as associated members of the local community. The most recent seminar speaker, Peter Michaelson, DO, PhD, visited VCOM on October 14, 2014, to share his broad range of experience in practicing with a uniquely osteopathic point of view. Dr. Michaelson is an American physician practicing in Germany, with private practices in Osteopathic Manipulative Medicine and Complementary Modalities in Munich, Germany, and Ft. Pierce, Florida. A graduate of Philadelphia College of Osteopathic Medicine, he also obtained a Doctor of Medicine (MD, PhD) at the University of Bern in Bern, Switzerland. Moreover, the college launched a live, interactive video conference lecture on tropical medicine by VCOM international faculty member, Dr. Rod Pena at the Evangelical University in El Salvador. This brings expertise of the school's global faculty into the United States campuses to complement VCOM's international medical outreach trips and rotations. Virginia Campus' second year students had the opportunity to learn more about tropical diseases dengue and chikungunya through Dr. Pena's lecture, while students in El Salvador contributed to the discussion with stories of recent patients who have suffered from these mosquito-borne illnesses. VCOM not only provides medical outreach internationally, but also locally. The Appalachian region is well served by the faculty, staff, students, and alumni of the both the Carolinas and Virginia Campuses of the college. Underserved populations and rural regions are provided the opportunity to participate in health education and screening events, mini medical schools, health fairs, and local clinics, at which VCOM physicians and medical students volunteer. Some examples of Appalachian and Underserved Care outreach are provided below. The Blacksburg, Virginia Chapter of the AARP teams up with the college for health and wellness fairs, which are free to the public. At these fairs, commercial and non-profit exhibitions are featured, and vendors offering hearing, dermatology, and vein exams also are present. Second year VCOM students provide screenings for blood pressure and blood sugar, body mass and nutrition advice, cancer information, and stress management education. Flu shots are also available from separate providers. 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Property Consul 284492 18 X 9416 73889081 488607 1200 74387104 SPONSORED RESEARCH 900099 255367 255367 TUITION AND FEES 900099 59166688 59166688 59422055 1095745 1095745 0 0 0 0 0 465300 496376 -31076 -31076 11404 9416 11404 0 0 0 MISCELLANEOUS REV. 900099 395361 395361 395361 135269189 59817416 1095745 X 0 73981581 73981581 0 0 2651930 1614976 1036954 0 21886919 19174014 2479439 233466 2257813 1775376 453766 28671 2608395 2066405 500447 41543 1260889 1044818 198443 17628 0 58491 23389 35102 233620 233620 0 0 0 1256373 897880 357653 840 788955 71862 586332 130761 0 533901 360729 173172 0 5739623 4820645 898308 20670 1186465 840079 308696 37690 0 394350 237418 97551 59381 101555 32598 68957 0 1312200 740768 571432 619618 90849 528769 STUDENT SERVICE BY OTHER INST. 1061750 24970 1036780 MAINTENANCE 639757 3141 636616 STUDENT AWARDS & MISC 2023000 1992277 30723 INSTRUCTIONAL & RESEARCH SUPPL 1305669 859143 294173 152353 3643843 1503295 2121363 19185 125546697 112156213 12648296 742188 X 0 0 3821416 6272440 0 0 565244 508593 0 0 213926 0 4967592 7521769 19562096 7457170 7798231 12104926 0 0 17021321 18750109 0 0 0 0 384949 315424 34772679 45473261 3474849 3737645 0 0 1369699 1638240 0 0 1155709 1655892 0 0 474568 2567328 6474825 9599105 X 27733464 35455540 564390 418616 0 0 28297854 35874156 34772679 45473261 X 9722492 -266061 -1665077 -215052 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 2497 2497 false Schedule C, Part II-B VHHA, MSV, NACUBO and CICV Lobbying Expenses: VCOM ENGAGED IN INDIRECT LOBBYING ACTIVITIES THROUGH MEMBERSHIP DUES PAID TO THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA(CICV), THE MEDICAL SOCIETY OF VIRGINIA (MSV), THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSTIY BUSINESS OFFICERS (NACUBO) AND THE VIRGINIA HOSPITAL AND HEALTHCARE ASSOCIATION (VHHA) 1379405 1379405 2964794 52250 2478608 2822457 1896951 925506 12395440 5507969 7321407 12104926 1127394 C MUTUAL FUNDS 6667447 F EQUITY SECURITIES 7117826 F FIXED INCOME 3837442 F 18750109 0 CAPITAL LEASE OBLIGATION 2567328 2567328 X 61020347 -266061 -266061 61286408 73982781 73982781 135269189 52070588 291666 213926 505592 51564996 73981701 73981701 125546697 Part X, line 2 The College and APCA have analyzed filing positions in all of the federal and state jurisdictions where they are required to file income tax returns, including the Colleges status as a tax-exempt entity. The only periods subject to examination for federal and state tax returns are for taxable years ended June 30, 2012 through June 30, 2015. The College and APCA believe their income tax filing positions, including the Colleges status as a tax-exempt entity, will be sustained on audit and do not anticipate any adjustments that will result in a material change to their financial position. Therefore, no reserves for uncertain tax positions, nor interest and penalties, have been recorded in these consolidated financial statements. PART XI LINE 4B THIS LINE REPRESENTS $73,889,081 IN FINANCIAL ASSISTANCE RECEIVED FROM THE U.S. DEPARTMENT OF EDUCATION NOT INCLUDED IN REVENUE IN THE FINANCIAL STATEMENTS. THIS AMOUNT ALSO INCLUDES $92,500 OF INTERNAL SCHOLARSHIPS AWARDED BY VCOM, WHICH IS PRESENTED AS A REDUCTION OF REVENUE IN THE FINANCIAL STATEMENTS. THIS AMOUNT ALSO INCLUDES A $1,200 IN-KIND CONTRIBUTION RECOGNIZED AND CAPITALIZED FOR TAX PURPOSES. THE FINANCIAL STATEMENTS RECORDED THIS CONTRIBUTION AS A BASIS REDUCTION TO THE NEW ASSET THAT THE CONTRUBITED PROPERTY WAS TRADED IN FOR. PROPERTY. PART XII LINE 2B THE FINANCIAL STATEMENTS REFLECT EXPENSES OF $1,665,077 WHICH RELATE TO PRIOR PERIOD ADJUSTMENTS REGARDING THE VALUATION OF VCOM'S INVESTMENT IN SUBSIDIARIES. THIS ADJUSTMENT HAS BEEN PROPERLY REFLECTED THROUGH VCOM'S NET ASSETS ON PART X. FURTHER, THE FINANCIAL STATEMENTS INCLUDE INCOME OF $1,373,411 WHICH RELATES TO PRIOR PERIOD ADJUSTMENTS OF VCOM'S INVESTMENTS IN ITS DISREGARDED SUBSIDIARIES WHICH ARE INCLUDED IN FORM 990; THEREFORE, THE NET OF THESE AMOUNTS REPRESENT PRIOR YEAR ADJUSTMENTS RECORDED IN THE FINANCIAL STATEMENTS THAT ARE NOT REFLECTED ON FORM 990. PART XII LINE 2D THE FINANCIAL STATEMENTS INCLUDE A REVERSAL OF A PLEDGE IN THE AMOUNT OF $213,926. PART XII LINE 4B THE FINANCIAL STATEMENTS DO NOT INCLUDE THE $73,889,081 OF FEDERAL FINANCIAL ASSISTANCE PAID TO ELIGIBLE STUDENTS. ADDITIONALLY, THE $92,500 OF INTERNAL SCHOLARSHIPS PAID TO ELIGIBLE STUDENTS ARE NETTED AGAINST REVENUE IN THE FINANCIAL STATEMENTS. THIS LINE ALSO INCLUDES $120 OF ADDITIONAL TAX DEPRECIATION ON THE IN-KIND CONTRIBUTION NOT CAPITALIZED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true Schedule E Line 3 The nondiscriminatory policy is included in the college catalog/student handbook, both of the College's faculty and staff handbooks, as well as the college's website. The college also publicizes its nondiscriminatory policy through the media each calendar year. Schedule E Line 6a VCOM receives research grants sponsored by U.S. agencies and direct loans funded by the U.S. Department of Education. Central America and the Caribbean 3 Program Services Operations of Clinics 458412 North America Investments 54243 Europe (Including Iceland and Greenland) Investments 716740 East Asia and the Pacific Investments 296935 South America Investments 62173 South Asia Investments 35594 East Asia and the Pacific Investments 38338 Middle East and North Africa Investments 18026 3 3 1680461 1680461 false false false false false false Part I Line 3 (1E) AMOUNT REPORTED INCLUDES PAYMENTS TO FOREIGN VENDORS FOR MISSION TRIP EXPENSES AND DOMESTIC CORPORATION THAT SUPPORTS ONE OF THE MISSION SITES. Golf Tournament 20820 9416 11404 1690 6032 3466 216 0 20820 9416 11404 1690 6032 3466 216 11404 true Grants and Scholarships to Students 1220 73981581 FMV Schedule I Part 1 Line 2 The college maintains records to ensure direct loans are awarded to eligible students in compliance with federal financial aid regulations or donor restrictions for externally funded scholarships or college criteria for internally funded scholarships. X X false true X X false false false false false false false false false DR DIXIE TOOKE-RAWLINS DO PRESIDENT/PROVOST 488250 0 100 0 3564 0 52200 0 11029 0 555143 0 0 0 DR JAMES F WOLFE PhD Director (Former President) 186209 0 100 0 7842 0 21263 0 0 0 215414 0 0 0 JAN WILLCOX DO DEAN 297385 0 100 0 26564 0 35880 0 8636 0 368565 0 0 0 GUNNAR BROLINSON DO VICE PROVOST 254070 0 100 0 20713 0 30936 0 18606 0 324425 0 0 0 JAMES POWERS DO ASSOCIATE DEAN 247547 0 100 0 17984 0 27677 0 21064 0 314372 0 0 0 FREDERIC RAWLINS DO VICE PROVOST 248546 0 100 0 25296 0 30168 0 1250 0 305360 0 0 0 TIMOTHY KOWALSKI DO DEAN 295561 0 100 0 25322 0 35880 0 11029 0 367892 0 0 0 RONALD JANUCHOWSKI DO ASSOCIATE DEAN 214080 0 100 0 1649 0 26441 0 19435 0 261705 0 0 0 MARK HAMRIC CPA CHIEF FINANCIAL OFFICER 198895 0 100 0 21267 0 24720 0 21414 0 266396 0 0 0 JOHN LUCAS DO ASSOCIATE DEAN 229963 0 100 0 502 0 28047 0 13529 0 272141 0 0 0 PAUL K SWITZER DO ASSOCIATE DEAN 217502 0 100 0 1989 0 26330 0 2000 0 247921 0 0 0 GARY HILL DO ASSOCIATE DEAN 220658 0 100 0 3409 0 35360 0 18914 0 278441 0 0 0 ELIZABETH PALMAROZZI DO DEAN 294891 0 100 0 2322 0 0 18914 0 316227 0 0 0 PART I, LINE 1B FIRST CLASS AIRFARE IS DISALLWOED IN THE COLLEGE'S TRAVEL POLICY. THE COLLEGE ALLOWS FIRST CLASS AIRFARE IF IT IS NO MORE EXPENSIVE THAN COACH CLASS AIRFARE OR EMPLOYEES REIMBURSE THE COLLEGE FOR FIRST CLASS AIRFARE. THE PRESIDENT OR CHAIRMAN OF THE BOARD HAVE THE AUTHORITY TO ALLOW FIRST CLASS AIRFARE IF CIRCUMSTANCES JUSTIFY THE ADDED EXPENSE. VCOM DOES NOT HAVE A WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OF HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES. VCOM PAID SOCIAL CLUB DUES ON BEHALF OF ITS FORMER PRESIDENT, DR. JAMES WOLFE, PRIOR TO HIS RETIREMENT, TO EXPAND THE FACILITIES AVAILABLE TO VCOM WHEN HOLDING BUSINESS MEETINGS. VCOM HAS FOLLOWED THE IRS REGULATIONS REGARDING TAXABLE FRINGE BENEFITS. ACCORDINGLY, THE FORMER PRESIDENT'S COMPENSATION ON HIS FORM W-2 WILL BE INCREASED BY THE AMOUNT OF SOCIAL CLUB DUES PAID ON HIS BEHALF BEFORE HIS RETIREMENT. NONE NONE 0 NONE NONE SON OF MR MRS ROCOVICH JR SEE SUPPLEMENTAL INFO. 13566 SALARY FOR EMPLOYMENT AT VCOM false PART IV LINE (1) (B) Son of Member of Board and Chairman. PART IV LINE (1) (D) AMOUNT OF COMPENSATION, INCLUDING HEALTH AND LIFE INSURANCE BENEFITS, PAID IN FISCAL YEAR 2015. Form 990 Part VI Sec. A Line 2 Two Board Members are spouses, and the President and the Vice Provost are spouses. Moreover, a Board Member/Officer and another Officer are partners at the same law firm. FORM 990 PART VI SEC. A LINE 3 THE POST GRADUATE AFFAIRS DIVISION ON THE CAROLINAS CAMPUS IS OPERATED BY PROVIDIA HEALTH CARE, WHICH FUNCTIONS AS AN INDEPENDENT CONTRACTOR. FORM 990 PART VI SEC. A LINE 7A ALL DIRECTORS SHALL BE APPOINTED, FROM TIME TO TIME, BY THE SOLE MEMBER, THE HARVEY W. PETERS RESEARCH FOUNDATION FORM 990 PART VI SEC. B LINE 11 THE BOARD REVIEWED A DRAFT OF THE FORM 990 DURING A BOARD MEETING ON 11/13/2015 AND SUBSEQUENTLY REVIEWED CHANGES PRIOR TO FILING. MARK HAMRIC, CFO, AND DIXIE TOOKE-RAWLINS, PROVOST AND PRESIDENT, REVIEWED THE DRAFT OF THE FORM 990 IN ADVANCE OF THE BOARD MEETING AND DISCUSSED QUESTIONS AND PROPOSED MODIFICATIONS WITH THE TAX RETURN PREPARER, WHO SUBSEQUENTLY UPDATED THE FORM 990. FORM 990 PART VI SEC. B LINE 12C OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE, SIGN AND DATE A CONFLICT OF INTEREST STATEMENT IDENTIFYING POSSIBLE CONFLICTS OF INTEREST. MARK HAMRIC, CFO, INITIATES AN ANNUAL SURVEY EVERY FALL FOR BOARD MEMBERS AND EVERY SPRING FOR EMPLOYEES. THE FORMS ARE COLLECTED AND REVIEWED BY THE CFO FOR ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990 PART VI SEC. B LINE 15A & B VCOM PERFORMED A SALARY SURVEY IN FY15 AND INTENDS TO PERFORM ONE EVERY THREE YEARS THEREAFTER. THE SALARY SURVEY IS CONDUCTED BY VCOM HUMAN RESOURCES LEADERSHIP. HUMAN RESOURCES LEADERSHIP ANALYZES DATABASES WITH SALARY INFORMATION (EG. VIRGINIA TECH AND OTHER PUBLIC UNIVERSITIES) AND REVIEWS SIMILAR SCHOOLS' FORM 990S IN GUIDESTAR. THEY ALSO REVIEW A SURVEY CONDUCTED BY THE ASSOCIATION OF AMERICAN MEDICAL COLLEGES. THE DELIVERABLE PRODUCED IS A REPORT BY POSITION WHICH INCLUDES A SALARY RECOMMENDATION WITH COMPARISON TO DATA FOUND DURING THE SURVEY. THE REPORT IS REVIEWED BY THE PROVOST AND PRESIDENT. THE BOARD CHAIRMAN REVIEWS SALARIES OF KEY EMPLOYEES. THE BOARD APPROVES AND REVIEWS SALARIES OF THE PRESIDENT AND PROVOST AND CAMPUS DEANS. FORM 990 PART VI SEC. C LINE 19 REQUESTS WILL BE EVALUATED BY EXECUTIVE MANAGEMENT OF THE COLLEGE. REQUESTS FOR A VALID BUSINESS PURPOSE GENERALLY ARE HONORED. MOST FINANCIAL INFORMATION IS AVAILABLE IN THE FORM 990. FORM 990 PART VII LINE 1E LINE 1E REPRESENTS FEDERAL FINANCIAL AID RECEIVED FROM THE US DEPARTMENT OF EDUCATION. FORM 990 PART IX LINE 2 LINE 2 INCLUDES ALL GRANTS AND ASSISTANCE PROVIDED TO INDIVIDUALS IN THE UNITED STATES. THIS CONSISTS OF $73,889,081 OF FINANCIAL AID PROVIDED BY THE U.S. DEPARTMENT OF EDUCATION. ADDITIONALLY, THIS AMOUNT ALSO INCLUDES $92,500 OF INTERNAL SCHOLARSHIPS AWARDED BY VCOM. FORM 990 PART XI LINE 8 THE FINANCIAL STATEMENTS REFLECT EXPENSES OF $1,665,077 WHICH RELATE TO PRIOR PERIOD ADJUSTMENTS REGARDING THE VALUATION OF VCOM'S INVESTMENT IN SUBSIDIARY WHICH ARE NOT REFLECTED AS EXPENSES ON FORM 990. THIS ADJUSTMENT HAS BEEN RECORDED THROUGH NET ASSETS AS APPROPRIATE. FORM 990 PART XI LINE 9 LINE 9 CONSISTS OF ($213,926) REVERSAL OF PLEDGE PLUS ($46.00) FOR ROUNDING DIFFERENCES. ALSO INCLUDED IN LINE 9 IS A ($1,200) IN-KIND CONTRIBUTION RECOGNIZED AND CAPITALIZED FOR TAX PURPOSES, NET OF $120 CURRENT YEAR DEPRECIATION. THE FINANCIAL STATEMENTS RECORDED THIS CONTRIBUTION AS A BASIS REDUCTION TO THE NEW ASSET THAT THE CONTRUBITED PROPERTY WAS TRADED IN FOR. FORM 990, PART IV Section 1.263(a)-3(n) Election - Book Conformity Election Edward Via Virginia College of Osteopathic Medicine is making the election under Treas. Reg. 1.263(a)-3(n) to capitalize those repair and maintenance costs that it treats as capital expenditures on its books and records for the tax year ended June 30, 2015. Taxpayer Name: Edward Via Virginia College of Osteopathic Medicine Address: 2265 Kraft Drive Blacksburg, VA 24060 Taxpayer Identification Number: 54-2052107 Section 1.263(a)-1(f) De Minimis Safe Harbor Election Edward Via Virginia College of Osteopathic Medicine hereby makes the de minimis safe harbor election under Section 1.263(a)-1(f) of the Treasury Regulations, effective for the tax year ending June 30, 2015. Taxpayer has an Applicable Financial Statement for the year of the election. This election permits the taxpayer to deduct for tax purposes any item deducted under its book policy that does not exceed $5,000 per invoice (or per item, as substantiated by the invoice) or items having an economic useful life of twelve months or less as described in Section 1.263(a)-1(f)(1)(i). Taxpayer Name: Edward Via Virginia College of Osteopathic Medicine Address: 2265 Kraft Drive Blacksburg, VA 24060 Taxpayer Identification Number: 54-2052107 MARCO ISLAND VIRGINIA LLC 4415 Electric Road Roanoke VA 24018 264282653 Management VA VCOM DUPRE HOLDINGS LLC 2265 Kraft Drive Blacksburg VA 24060 Management SC 2294346 VCOM SERPENTINE HOLDINGS LLC 2265 Kraft Drive Blacksburg VA 24060 Management SC 1304924 VCOM Mill Street Holdings LLC 2265 KRAFT DRIVE BLACKSBURG VA 24060 MANAGEMENT SC 182945 VCOM VC MEDICAL ENDOWMENT TRUST 6010 S MINNESOTA AVENUE Sioux Falls SD 57101 476343397 Grantor Trust SD 270017 270017 VCOM HARVEY W PETERS RESEARCH FOUNDATION 601 S MINNESOTA SIOUX FALLS SD 57101 460459671 Management SD 501(c)(3) PF N/A false HARVEY W PETERS (VIRGINIA) HOLDING CORP 4415 ELECTRIC ROAD Blacksburg VA 24018 542052207 MANAGEMENT VA 501(c)(2) N/A NA false Academic Primary Care Associates LLC 2265 KRAFT DRIVE BLACKSBURG VA 24060 204851978 For profit cl VA VCOM C Corp 2224598 1319479 1.00000 true false false false false true false false false false false true false false false true true false true false HARVEY W PETERS RESEARCH FOUNDATION 1E 1655892 FMV HARVEY W PETERS RESEARCH FOUNDATION 1K 2384441 FMV HARVEY W PETERS (VA) HOLDING CORPORATION 1K 1029012 FMV ACADEMIC PRIMARY CARE ASSOCIATESLLC 1O 625259 FMV ACADEMIC PRIMARY CARE ASSOCIATES LLC 1P 186660 FMV ACADEMIC PRIMARY CARE ASSOCIATES LLC 1R 220000 FMV